RSK.IQ.Staff, Author at RSK Compliance Solutions LLC • Page 7 of 122

RSK.IQ Question of the Week 7/13/20

Posted on July 13, 2020July 13, 2020 by RSK.IQ.Staff

The CRA and Charitable Contributions

Issue/Inquiry

If the Bank makes numerous donations to nonprofit and community organizations, can it receive Community Reinvestment Act (“CRA”) credit for such?

How do I ask my own questions?

RSK.IQ Question of the Week 6/29/20

Posted on June 29, 2020 by RSK.IQ.Staff

HMDA and Accuracy of Data Subject to Partial Exemption

Issue/Inquiry

The Bank is eligible for a partial exemption from Home Mortgage Disclosure Act (“HMDA”) reporting requirements. Is the Bank responsible for the accuracy of information collected but not reported?

How do I ask my own questions?

RSK.IQ Question of the Week 6/22/20

Posted on June 22, 2020 by RSK.IQ.Staff

Regulation D and Transaction Limitations

Issue/Inquiry

The Bank currently limits savings account transfers to six per month. Is this practice still permitted?

How do I ask my own questions?